The Australian Prudential Regulation Authority (APRA) has recently begun to release data on the exposure to the property market by ADIs on a quarterly basis. The data is a welcome inclusion to the regular data flow and provides great insight into the type of lending that banks, credit unions and mutuals are undertaking ...
Despite low lending rates, 53 per cent of first home owners are said to be in mortgage distress. This alarming statistic comes from a First Homeowner survey conducted by Mortgage Choice in September, in which a thousand respondents took part. The results raise questions about lending standards ...
On Saturday I attended an auction at 154 Danks Street in Albert Park. It was a bit of a buzz for me to be able to break into this patch, which is tightly held for good reason. Albert Park, Middle Park and South Melbourne arguably boast the highest land values in the entire state - and often these properties are on less than 300sqm ...
Now I need to fess up. I am the first to spout optimism about the Melbourne property market, but results from the last two weekends and the general consensus from agents and advocates on the ground has been unconvincing in my mind. There are definite signs that the market is softening. You just have to look closer to see why ...
This week the Australian Bereau of Statistics predicted the Australian population will double by 2075. This has concerned many in the property industry, who believe we could face a dire housing shortage. Meanwhile, in his weekend auction wrap, Peter Sarmas considers whether there is a splitting property market in Melbourne ...
I can’t believe I grew up in Melbourne and I’ve barely bothered to discover this charming beachside suburb. With the city visible across the water from Williamstown, I reckon it’s just close enough to be in the hustle within 15 mins by car, 30 mins by train and 1 hour by ferry, and just far away enough to maintain that beautiful, quiet sea-village feel ...